To provide for the distribution to coastal States and counties of revenues collected under the Outer Continental Shelf Lands Act.
Fair Disbursement of Offshore Oil Revenue Act of 1992 - Establishes the Coastal Communities Outer Continental Shelf Receipt Fund in the Treasury. Requires the Secretary of the Interior to pay into the Fund two-thirds of certain revenue from Outer Continental Shelf leases.
Prescribes guidelines for distribution of such Fund to coastal States and counties.
Directs the Secretary to determine which counties, parishes, boroughs, tribal governments, or other unit of general government immediately below State government level shall be designated as coastal counties.
Introduced in House
Introduced in House
Referred to the House Committee on Interior and Insular Affairs.
Referred to the House Committee on Merchant Marine and Fisheries.
Referred to the Subcommittee on Oceanography, Great Lakes, and the Outer Continental Shelf.
Executive Comment Requested from Commerce, Interior, Treasury, EPA.
Referred to the Subcommittee on Water, Power and Offshore Energy Resources.
See H.R.776.
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